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US 30 Stuck at a support line around 43794 at Market Close. US30 has been resting on the support line at 43794 for the last 7 hours. We are currently in 2 shorts and hoping price breaks down past this support level to the second support below at 43360. If price does break the current support it will likely head down there to return in a week or two. Based on what's happening with the individual companies represented by the Dow Jones the sentiment is that US30 will continue to fall for now. Take shorts as long as the market allows you to, but be mindful and prepared for a consolidation or market manipulation. Keep your risk low and follow the trend. Let me know your thoughts!
OANDA:US30USDShort
by leslyjeanbaptiste
2
Daily Market UpdateFriday 13 December 2024 Gift Nifty was showing a 100 points gap down opening for the index. Nifty opened with 50 points gap down and fell 186 points (-0.76%) in the first hour. In the second hour, the index fell another -0.71% to 24180, the day’s low from where the recovery started. The second hour closed with a loss of 74 points (-0.30%) at 24278, just above the support of 24250. Then the market rallied in the third hour. It rose 281 points (1.16%) in the third hour and then continued to rise with every passing hour. Day’s high was 24792 and the index closed the day with a gain of 219 points (0.89%) at 24768. I mentioned in my report on 4 December 2024 that till 24100 is intact, this is a buy on dips market. Today was a confirmation of that. All the sectoral indexes had a similar pattern on the hourly and daily charts. Even Nifty Midcap 100 and Smallcap 100 had a similar pattern. For Midcap, I wrote yesterday that “It closed below the rising trendline from which it fell on 7 November 2024. After a one way upside move, there is a possibility for the index to retrace to 58000/57500 (-1.69%/-2.54%).” Midcap 100 bounced from the low of 58012, just above the first support of 58000. It closed the day flat. For the Smallcap 100, yesterday I mentioned that “It is possible for the index to retrace to the level of 19000/18930 (-2.39%/-2.75%) before making a fresh upside move.” 19047 was the low for the day and it closed with a loss of -0.30%. Biggest sectoral gainers for the day were FMCG 1.29%, Infra 1.19%, Private Bank 0.80%, IT 0.64%, Auto 0.48% and Energy 0.46%. Whereas the biggest losers were Metal -0.72%, Media -0.59%, Realty -0.44%, Pharma -0.32% and PSU Bank -0.18%. Reliance was down -1.22% in the opening hour. In the second hour, it made a doji with the low at 1239. Then the stock rallied and closed at 1272, near day’s high, which was 1275. It gained 0.79% for the day and closed in green for the first time this week.
NSE:NIFTY
by moneyorder_official
1
NAS100USD: Capitalizing on Bearish Displacement!Greetings Traders! In today’s analysis of NAS100USD, the M15 timeframe shows a recent shift to bearish price action, marked by significant displacement to the downside. This displacement provides strong evidence of institutional sell order distribution, as seen in the large bearish candles that led to a bearish break of structure. Key Observations: 1. Premium Price Retracement: After the bearish break, price retraced into deep premium levels, where institutional arrays are present. These premium zones offer opportunities to seek confirmations for selling toward discount prices. 2. Breaker Block as a Key Zone: Price has retraced into a premium breaker block, a critical mitigation zone. What is a Breaker Block? Breaker blocks are mitigation zones created as institutions mitigate losses from opposing orders placed during the prior trend. Once price retraces to these zones, institutions close those losing positions and reinstate new orders to align with the prevailing trend. Trading Strategy: Entry: Look for confirmation at the premium breaker block to align with institutional order flow. Target: The primary target is the liquidity pool in discount prices, adhering to the principle of selling in premium and booking profits in discount zones, mirroring institutional strategies. If you have insights or questions, feel free to share them in the comments. Let’s analyze, learn, and succeed together! Kind Regards, The Architect
OANDA:NAS100USDShort
by The_Archi-tect
3
DXY Technical Analysis: Quasimodo Pattern Alert!The DXY (US Dollar Index) chart reveals a significant Quasimodo Pattern, a classic trend reversal signal indicating potential downside momentum. The key resistance level at 107.14 stands strong. If this level isn’t broken, we may see the price sliding down to the 104.13 support zone. 💡 What does this mean for the markets? 1️⃣ Forex: A weaker DXY could drive EUR/USD and GBP/USD higher, while USD/JPY might head lower. 2️⃣ Gold: A declining dollar often supports gold prices, pushing them upward. 3️⃣ Crypto: A DXY drop may provide a bullish push for risk assets like BTC and ETH. 4️⃣ Stock Market: A weaker dollar could benefit US exporters, potentially boosting equity markets. 🔍 Key focus now: Will the 107.14 resistance hold, or will we see a reversal from here? Stay tuned—big moves could be ahead! 📉📈
TVC:DXYShort
by alemicihan
S&P Head and Shoulders by January - Knees and Toes by February?The S&P 500 has recently formed a solid left shoulder and is now halfway through developing the head of a potential Head and Shoulders reversal pattern and divergence suggest we could form the right ear this week. This classic chart formation is often a sign of an upcoming trend reversal, typically from bullish to bearish. If the current pattern continues to unfold, the index could complete the right shoulder by January, signaling a shift in market sentiment. The key to confirming this reversal will be a break below the neckline, which is the support level formed between the left shoulder and head (aka the pearl necklace). Traders will be watching closely for any signs of weakness in the market as the price approaches this critical level. While the pattern isn't set in stone, the possibility of a bearish trend emerging by early next year is something investors should keep an eye on. If the pattern completes, the S&P could experience a significant pullback, so keep your eyes peeled because it could get bananas. A move above the current zone could cancel out this pattern from forming. Chance of forming: <50%
SP:SPX
by StonkMarketParty
Nifty is again a rising star..We today saw Nifty rising like a Phoenix to close the day at 24768 after making a low of 24180. In one of the most volatile session Nifty gained 588 points from day's low. The rise was from the right side bud of the star formation which gave superlative support to Nifty on the weekly chart. The weekly candle formation is of the shape of Thor's hammer which means further upside cannot be ruled out subject to Nifty closing above 24860. In such a scenario further resistances for Nifty will be at 25240 and 25514. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Link to buy my book from Amazon is available below in my signature. 25514 is the sigma resistance of the Star which can be little difficult to conquer but in case this level is conquered by Bulls further upside of 25665, 25919 and finally 26K+ levels cannot be ruled out. Supports for Nifty remain at 24500, 24184, 23907, 23396 (Mother line of 50 Weeks EMA) and finally 23187 which is the channel bottom support. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
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FXOPEN:DXY
by FXOpen
1
Why I see US 30 more bearish currently!!Hello guys, ** Today all had great bullish effect apart from that index. ** The index already slipped down a strong uptrend and retraced to and then went down from it (the long purple line) ** The index should go above the light purple downtrend line above 44340 (my Fib level too) to break that bearish wave and go up, but till now it can not! once it will close a 4h candle on, will turn the index to bullish ** There is still in yellow rectangle so strong support area where the last big bullish wave started from and I see that the index intends to revisit that area again at 43810 to gain back the buying power. My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
FX:US30Short
by moustafa_marei
US30 Continues to Fall. Likely to go to 43360 US30 Retested upper supports at 0500 and 0600 Hours. At that point we were looking for entries on an intraday short. Which we took. US30 is currently Falling and will likely hit 43369 area before looking to return bullish as the Dow Jones continues to show signs of weakness. If you are already in a short you can hold it. If you want to get in on an entry price is quickly approaching a week support line at 43800. If it breaks this support, look for a retest for a clean entry. If you are waiting for the Bullish trend we will be waiting at least 5 trading days at this point. Let me know your thoughts!
OANDA:US30USDShort
by leslyjeanbaptiste
My new target for DAX!Hello guys, Dax is planning still to go up and broke the downtrend line and my target is on the chart! My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
PEPPERSTONE:GER40Long
by moustafa_marei
US30 Buy Or Sell Depending of Price ActionKey Observations: Downtrend and Fibonacci Retracement: The chart is in a clear downtrend, indicated by lower highs and lower lows. A Fibonacci retracement tool is applied to the recent downtrend. The price appears to have retraced to the 50% level (44,062.63) and faced resistance, failing to break above the 61.8% level (44,299.10). Bollinger Bands: The price is testing the lower Bollinger Band, which could indicate oversold conditions in the short term. A potential bounce back to the mean (middle Bollinger Band) could occur unless there’s continued bearish momentum. Key Levels: Support Level: Around the 0.382 Fibonacci level (43,828.18), which is acting as a current support. Resistance Zone: Between the 50% (44,062.63) and 61.8% (44,299.10) Fibonacci levels. The price is also far from the major resistance level at 44,460.85. RSI (Relative Strength Index): RSI appears to be near the oversold region (below 30), suggesting a potential reversal or relief rally in the short term. MACD: The MACD histogram is showing bearish momentum, but the bars are becoming smaller, hinting at a possible loss of selling pressure. Possible Scenarios: Bullish Case (Relief Rally): If the price holds above the 0.382 Fibonacci support level (43,828.18), it could bounce back to retest the middle Bollinger Band and possibly the 44,062.63 level. A break above 44,062.63 could target the 61.8% level (44,299.10). Bearish Case (Continuation): If the price breaks below 43,828.18, further downside could target the next major support, likely below 43,700. The continuation of bearish momentum is supported by the MACD still being below the signal line. Recommendation: Short-Term Traders: Watch for a reaction at the current support level. If the RSI starts to rise and the price bounces off the Bollinger Band, a short-term buy may be possible. Trend Traders: Wait for confirmation of a break below the 0.382 level or a rejection at the 50% retracement to follow the downtrend. Risk Management: Use stop losses, especially near the Fibonacci levels, as they act as pivot zones. Do not risk more than 1% of your account per trade.
EIGHTCAP:US30
by Nozuk
SPX500 Update ideaAs you know, most of the recent market growth has been due to the excessive growth of a limited number of companies, and this will certainly pose a risk to the entire market. Personally, I study market sentiment and the S&P 500 index before buying stocks. On the S&P 500 chart, after the 6030 level was broken and the pullback to it and having a trigger to enter, I started buying, but contrary to expectations, everything did not go well yesterday and the market showed that it does not have enough strength to grow. Based on my strategy, I will have to exit again. I will be in out to break the 6100 level. Good luck.
OANDA:SPX500USD
by pardis
Fri 2024 12 13 Long||| Stats ||| Stats Week: ** Mid Month Turn, ** US CPI: 14:30, - as expected, ** Thu EU GC 14:15:, - reduced as expected, ** Mon Morning rule, - yes, ** Tue return to W1 trend and not a W1 trend change, - yes Stats Month: ** Christmas Rally - start Mid Nov. - yes bottom ** Christmas Rally - US election year, start Dec. - yes Stats Year: ** US Election, ||| Trade Taken ||| Trade Taken: ** Time frame: * H3 ** Time: * 03pm, Set-Up: ** Trigger for trade: * Momentum Long, * Mon Morning rule, * Tue return to W1 trend - UP, * Senti, - P16, ** Mom Width: * 6 candles - med/strong, ** Mom Type: * 3rd directional - risk at last Mom turn, Risk Reward: ** Risk: * last Mom Turn, ** Target: * R 1:1 as at ATH,
CAPITALCOM:DE40Long
by ErPat
The booze seems quite strong; the hungover continue aft party!FX:HKG33 hello everyone TGIF! Trade plan for today before end of the week. It continues to dance btw range as shown in chart : 19800 - 20500 (1h Chart) To trade using smaller range tf. For the week it's still a small gain. Shorted earlier hoping to take some profit for 🎄 weekend meals. ☺ Again to set your SL/TP level. 4H Chart The 4h chart showing the index is still on the bearish zone. Happy Trading and have a good weekend everyone! while waiting toTP let's continue to zen with 📙 and 🍵!
FX:HKG33Short
by ChenQianYu